Hillrom Announces 9 Percent Increase in Quarterly Dividend

Rhea-AI Summary

Hillrom (HRC) announced a 9% increase in its quarterly dividend from $0.22 to $0.24 per share. The dividend is payable on March 31, 2021, to shareholders of record by March 22, 2021. The annual dividend rate is $0.96 per share, marking the eleventh consecutive year of dividend increases. CEO John Groetelaars expressed the company's commitment to providing shareholder returns while maintaining financial flexibility for future investments.

Positive

• Quarterly dividend increased from $0.22 to $0.24 per share, reflecting strong financial position.
• Annual dividend rate now $0.96 per share, showcasing commitment to return value to shareholders.

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• None.

CHICAGO, March 11, 2021 /PRNewswire/ -- Hillrom (NYSE: HRC) announced today that its board of directors declared a 9 percent increase in the company's quarterly dividend rate, from the previous rate of $0.22 per share to $0.24 per share. The fiscal second quarter 2021 quarterly dividend is payable on March 31, 2021, to shareholders of record as of the close of business on March 22, 2021. The indicated annual dividend rate is $0.96 per share.

"Hillrom is committed to returning value to our shareholders through our dividend while preserving financial flexibility for M&A and organic investments that further transform our portfolio and support our vision of Advancing Connected Care™," said Hillrom President and CEO John Groetelaars. "We are pleased to raise our quarterly dividend rate for the eleventh consecutive year as a demonstration of our strong financial position and free cash flow."

About Hillrom
Hillrom is a global medical technology leader whose 10,000 employees have a single purpose: enhancing outcomes for patients and their caregivers by Advancing Connected Care™. Around the world, our innovations touch over 7 million patients each day. They help enable earlier diagnosis and treatment, optimize surgical efficiency and accelerate patient recovery while simplifying clinical communication and shifting care closer to home. We make these outcomes possible through connected smart beds, patient lifts, patient assessment and monitoring technologies, caregiver collaboration tools, respiratory health devices, advanced operating room equipment and more, delivering actionable, real-time insights at the point of care. Learn more at hillrom.com.

CONTACT INFORMATION
Investor Relations
Contact:	Mary Kay Ladone, Senior Vice	Contact:	Lorna Williams, Executive Director,
	President, Corporate Development,		Investor Relations and Strategy
	Strategy and Investor Relations	Phone:	312-233-7799
Phone:	312-819-9387	Email:	lorna.williams@hillrom.com
Email:	marykay.ladone@hillrom.com
Media
Contact:	Howard Karesh, Vice President, Corporate Communications
Phone:	312-819-7268
Email:	howard.karesh@hillrom.com

 

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SOURCE Hillrom

FAQ

When is the next dividend payment for HRC?

The next dividend payment for HRC is scheduled for March 31, 2021.

What is the new quarterly dividend amount for HRC?

The new quarterly dividend amount for HRC is $0.24 per share.

Who qualifies for the HRC dividend?

Shareholders of record as of the close of business on March 22, 2021, will qualify for the HRC dividend.

How long has HRC been increasing its dividend?

HRC has increased its dividend for eleven consecutive years.